sil bread. target: impermanent loss

[Anonymous No.26218745]

next cronje project: sil
>contract verified
>apes kicked out
>missiles pointed at the illegimate state of >israel
yupp, it's moon time

It's been around a week and looks like sil v1 is finally kicking out the FOMO and degenerate traders. sil is finally doing what it is intended to do which is provide interest-free loans in large amounts to stakers to cover impermanent losses. The dashboard should be verified in the next few days so don't miss out on the potential 50x project if it does end up launching on sushi / yfi ecosystem.

Don't miss it bros. Worth just throwing in even a few hundred on the likelihood it explodes in a week or two.
https://sushiswap.vision/token/0xbcda9e0658f4eecf56a0bd099e6dbc0c91f6a8c2

[Anonymous No.26219310]

>>26218745
isn’t he the nigger who scammed EMM? why would you do anything he said after that

[Anonymous No.26219475]

I like him, I wish he'd stop project jumping like a lowly mercenary

[Anonymous No.26220140]

>>26218745
Whats the catch? Is this not used anymore? Is he gonna come out with V2 of SIL? I cant find any reason why this, with 200k supply shouldn't be worth $100 a pop. thanks OP. put in a lil bit. Hope its only up from here.

[Anonymous No.26221013]

>>26219310
Exploit is not scam. But yes.
He also manages a huge part of the entire YFI ecosystem which has like a combined market cap of 3 billion or so

>>26220140
Andre released the coin for staking and debugging the interface. People found out and decided to buy into it like retards and he told people not to buy the coin until stability was checked
Best guess is that the coin had way too much price fluctuation to test smoothly so he released a non purchasable sil v2 in order for people to test the staking interface and dashboard. If this goes through, SIL will probably be the beta release on sushi

[Anonymous No.26221197]

eminence was an intricate plan concocted by andre and his yearn buddies to punish degenerate gamblers and to make the community lose trust in him. fast forward a few months and we have another mysterious product being released. within the first 12 hours of release, volume reached more than 4 million and the price pumped to $130, dumped down to $4, and 30k tokens were minted. again this was all part of andre's plan. weed out the degenerates and the weak handed faggots by making it appear that the same thing that happened to eminence was once again playing out. people sold the bottom at huge losses and now the smart investors are accumulating. I was also burned by the eminence fiasco, but I can still recognize that andre is a god level developer and anything he touches turns to gold.

you're early for once biz and this will make you incredible gains. sil will become the middleman currency of all trading pairs.

good luck you beautiful retards

[Anonymous No.26221741]

>>26218745
is this the real sil token? i remember there was another sil on sushi recently that rugged just like all the beta kp3r token that andre would put liq of on uniswap

[Anonymous No.26221825]

is there any proof this shit is even sticking around?

[Anonymous No.26222057]

>>26221741
yes, this is the correct one

>>26221825
whether it sticks around or not is irrelevant since it's doing what it's supposed to do. if you hold sil in an LP, it will arbitrage with other exchanges and dapps and give you a piece of the profits.

there was a silv2 released that cannot be traded only minted and burned. the theory is that silv1 (the token in OP) is the speculative token and silv2 is the stable token. we'll find out soon enough. andre, yearn, and sushiswap have been working on something and this is part of it.

[Anonymous No.26222139]

>>26222057
so does it make sense to buy the token and hope it appreciates or is it stupid to buy it without putting it in an LP?

[Anonymous No.26222305]

>>26222139
buy sil, keep an eye on silv2
if silv2 goes up, sil will fall off a cliff,

[Anonymous No.26222336]

>>26222139
the supply is elastic but there are limits, I think. there has been over 300k liquidity since it launched so it's being used/tested. once more people start using it for LPs it will become very scarce.

[Anonymous No.26222803]

>>26218745
you guys got played, and are down some 90%, shilling this crap won't do anything at this point, it's either completely dead or might do something in the future

[Anonymous No.26223027]

>>26222803
if you're not creating LPs with it, it's probably not worth it right now, but people are going to start speculating on it which will drive its price up

[Anonymous No.26223192]

>>26222305
I doubt sil2 will be used, its dead with no volume and SIL is being used right now on sushiswap if you look at it's transactions. Has nearly 500k liq and way more vol than a 'dead shitcoin'. Its still a gamble, but Its a pretty good one. Personally, I am all in.

[Anonymous No.26223203]

>>26222803
>it's either completely dead or might do something in the future
that's the whole point ya doofus
it's either gonna go down to $1 or hit $1000

[Anonymous No.26223250]

>>26223203
I doubt it will hit 1k lol. Even KP3R hasn't hit that and KP3R is not some beta fringe feature of a 2nd tier AMM. Honestly if it hits 100 I will be very happy.

[Anonymous No.26223327]

>>26223192
that's exactly what i am thinking. some schizo on twitter who says he is actually using the interface said this and it makes a lot of sense.
cronje is blocking people who are pinging him constantly so he must be really getting tired of this shite

"My guess to the raisin why Cronje made v2 was similar to when I was debugging UniTrade with its non tradeable tokens. $sil v2 was probably done so these hoards of degens won't fluctuate the price while we're trying to simply check stability of the system"

https://twitter.com/benistobaginac1/status/1351228994641932296

>>26223250
didn't kp3r start at something like 50 cents tho? it also has no deflationary procedures unlike the future SIL growth

[Anonymous No.26223470]

>>26223250
I don't know much about KP3R but if sil works out it could become the default pairing for all eth tokens simply for its utility. If that happens it becomes the xrp of ethereum, the middleman between all transactions.

[Anonymous No.26223547]

Driving right now what’s the current price

[Anonymous No.26223925]

>>26223547
four bucks.
>>26223327
Keeper was listed at 1 dollar because of the fair launch meme. It did a 300x on the first day. Some madman I know made a couple mil buy putting in 50k at like $4.

[Anonymous No.26224103]

>>26223327
So if i want to become rich by killing usury which do I buy sil v1 or v2.

[Anonymous No.26224238]

Can anyone confirm that this is the legit token though, I smell a rug pull

[Anonymous No.26224377]

>>26224238
he has codes and remnants from August or even June from this. apparently it was supposedly meant to launch with keep or even yfi but it was extremely hard to get right

[Anonymous No.26224706]

>>26224103
you cant buy v2. if you try to buy it on sushiswap it will just error out. v2 can only be minted and burned by directly interacting with the contract. so, you should be buying v1, if you were to buy anything. I'm not here to give you financial advice though

[Anonymous No.26224770]

>>26224238
the contract was deployed by the yearn deployer (andre). I think he's even mentioned sil and silv2 a few times on twitter

[Anonymous No.26225199]

>>26218745
tfw bought this token at $80

gg

[Anonymous No.26225343]

>>26225199
I first bought at $40 and have been buying since

[Anonymous No.26226240]

>>26225343
oof
we'll be back soon

[Anonymous No.26226883]

So y’all really think this is worth snagging $100 of

[Anonymous No.26227020]

>>26226883
I mean 100 tokens

[Anonymous No.26227099]

>>26227020
If you like high r/r degen plays, yes. its one of the better high degen plays out there. I really need this 20-50x so im staking my hopes on it.

[Anonymous No.26227225]

>>26224103
you can't buy v2 nor do i think you ever will be able to buy v2

>>26226883
literal gamble. it really depends on what your other crypto positions are. there are a few wallets with 7 figures who have bought around 11k worth of these tokens for a big payout. if you're only worth 11k, it might not be worth putting 1000 into it. your call.

the other option is to wait until it has been adopted or if there is news and buy it at >>26227099 or >>26225199's entry position. buying it at $40 after the news is released is still a good position and will mitigate risk.

i personally bought this at $7 and sold on the way up to $40. i later bought on the way down and bought most of my bags yesterday at around $5.

[Anonymous No.26227388]

>>26227225
I’m all in link at 4K and also have 800 UNI

[Anonymous No.26227472]

>>26227225
Chart only looks like it's been up to like $30, am I missing something here?

[Anonymous No.26227623]

why the sudden price jump from $7 to $30 on Dec 18?

[Anonymous No.26227686]

>>26227623

sorry, the 13th

[Anonymous No.26227749]

>>26227472
yeah looks like the initial history isn't recorded by susher. upon release at $2~, it jumped to $160 and then down to $4. then it went up to $30 and back down to $8.
and now it's at $4 again

>>26227623
this coin was released on the 11th of January

[Anonymous No.26228012]

>>26227623
>>26227686
oh on the 13th of jan? dead bounce probably. not sure why sushi isn't showing the data from the 11th to the 12th but there was a huge peak where the ATH was $160

[Anonymous No.26228358]

if a new version of sil comes out, where would be the fastest way to be notified? I mean, how did people find this version so early?

[Anonymous No.26228461]

>>26228358
degens and schizos follow cronje around like delphine simps. they sniff out everything he says and posts and ties it to his wallet.
he posted a medium article and his wallet had a deployer address for sil. they found sil in literal minutes and sil v2 in like an hour or so before he even posted it on twitter / medium

the sil found release was so bad he had to make a post saying not to buy the coin

[Anonymous No.26228489]

>OMG ANDREEE CRONJEEE

[Anonymous No.26228523]

>>26227749
What makes you think andre won't fuck us by forking his own project too teach degeners a lesson to not fuck with his work.

[Anonymous No.26228577]

>>26228461

yeah, i guess monitoring his wallet is the best way. I got in keep3r at $50 and I wished I was earlier...

[Anonymous No.26228839]

>>26228577
Does he have more than one? And were can i find these wallets?

[Anonymous No.26228917]

you dumb niggers are the reason ppl lose money here, stay fucking poor retard

[Anonymous No.26229087]

>>26228523
degens already got burnt on this one and theres way more liquidity than there should be. People in the know are sticking around.

[Anonymous No.26229127]

>>26218745
DON'T BUY THIS... It's pointless guys

[Anonymous No.26229399]

>>26219475
he doesn't want to. It would catch up that he's nothing. People want to jump into new things so he that's all he does. He's on record as saying things shouldn't last more than 3 months or something

[Anonymous No.26229985]

>>26228523
nothing. that is a very real possibility. a bit more mitigated because this coin already interacts with the impermanent loss mitigation dashboard. it is being debugged with this coin and another locked coin. there is a chance he could scrap everything and move to V3 but this coin already at least has a foundation and hopefully FOMO'd out.
again, this coin going to $1 or to $1000.

he did say that "if no crucial flaws or issues found, this coin will stay up as it is" to be used in the actual sushichef dashboard. but i wouldn't put too much weight on that statement because: >>26228489. but see attached post from that twitter user on Jan 12th

[Anonymous No.26230394]

Fuck I don’t understand any of this. Even if I bought sil v1 I would have no clue what I own or what it could be

[Anonymous No.26230684]

>>26218745
is this the coin that launches on hoo.com or can i not buy it there yet? it says it was added on Jan 11

[Anonymous No.26230723]

>>26230394
ask your questions anon. i'll try to answer them as best and retardedly as i can

[Anonymous No.26230742]

>>26230394
this is why you're poor

[Anonymous No.26230790]

>>26230394
>>26230684
https://sushiswap.vision/token/0xbcda9e0658f4eecf56a0bd099e6dbc0c91f6a8c2
go here and use it like you would use uniswap

[Anonymous No.26230870]

>>26229985
fake kek .

[Anonymous No.26230918]

>>26230723
Why would I invest in a coin when Andre could literally rugpull it on a whim

[Anonymous No.26231004]

>>26220140
>what's the catch
this coin is either going to fail absolutely or 100x, it's a coin toss which

[Anonymous No.26231241]

Imagine even considering this instead of DEXG.

Stockholme syndrome much?

Where do you think Crookje got the idea from

[Anonymous No.26231898]

>>26231241
tldr DEXG?

[Anonymous No.26231942]

>>26231898
chink shit but might be legit. but big if legit

[Anonymous No.26232608]

>>26231942
So just like this coin?

[Anonymous No.26233167]

>>26232608
andre is no chink but he might be part nigger

[Anonymous No.26233535]

>>26230918
all the yearn tokens are similar like that. any small amount of money he would get from a rug would completely eradicate his reputation. plus he would've shilled this much better

[Anonymous No.26233849]

>>26233535
I don’t mean a rug per se, I just mean that v1 could be worthless because he chose to use v3 instead.

Didn’t he say not to buy v1?

[Anonymous No.26234034]

>>26218745
frick it. put in around half an eth

[Anonymous No.26235005]

>>26234034
based

[Anonymous No.26235085]

>>26218745
frick it. gonna put my keepies in, please andre multiply me once more

[Anonymous No.26235571]

>>26235085
>>26234034
bruh. don't put all of them in you rards. this is like a coin flip where you may 100x or lose it all. don't bank on it.

>>26233849
he said that beacuse of the testing. either way, a V3 migration would be worth it as long as you check the price every, say, 8 hours.
SIL has been his brain child for the past 3 - 6 months. i don't see him giving up on it so easily. but then again, this is probably due to inherent biases that may not influence me

also, i thought you were going to ask questions related to the execution of this coin and its usage, not price speculation roflcopter

[Anonymous No.26236060]

>>26235571
I want to buy. But I don't think andre will allow us to exchange v1 for v3 or will he? Either way all this project does is try to fix the impermanent loss problem correct nothing else? If so how is it better than balancer.

[Anonymous No.26236820]

>>26236060
mitigation =/= elimination
balancer doesn't "fix" impermanent loss at all though.

balancer is a fantastic tool. i've used it for quite a few coins including ampleforth. but the mitigation is nowhere near the gains you would make if IL is removed from the picture.
impermanent loss is like the alchemy of DeFi. but at least it's somewhat attainable. even bancor tried that and has so far been falling flat

as for the exchanges, that's a good question. these are the uncertainties when you buy into these coins

[Anonymous No.26237211]

>>26235085
what were your kepies?

[Anonymous No.26238060]

>>26236820
how does it do this “alchemy” then?

[Anonymous No.26238881]

>>26238060
It gives out interest free loans to the stakers in order to fulfill those requirements. If you unstake within the time given in your contract, the loans are taken out of your funds. If you stake for the allotted time, it uses the purchased assets of your staked amounts in order to give you the totals that you earn over the period which you would've lost amounts due to impermanent loss.
Surprisingly simple desu

[Anonymous No.26238956]

>>26238881
Based Im in. But when should I buy? Or should I risk it with v1?

[Anonymous No.26240338]

>>26238956
frick iunno

if you buy later you mitigate your risk. if it takes off, $50 is still a good buy. but $4 to $50 is like 12x. put 10% in right now and 50% if / when it takes off?

[Anonymous No.26240386]

I just swung my 2k portfolio into this, hoping to make myself a millionaire

[Anonymous No.26240748]

Imagine buying SIL instead of Idle holy FUCK you guys are retards hahahhahahahaha holy fucking shit

[Anonymous No.26240924]

Imagine buying SIL instead of Rubic holy FUCK you guys are retards hahahhahahahaha holy fucking shit

[Anonymous No.26240992]

>>26240748
Imagine buying SIL instead of Ampl holy FUCK you guys are retards hahahhahahahaha holy fucking shit

[Anonymous No.26241731]

>>26240386
i dont see your transaction on etherscan anon
why are you lying in this thread?

[Anonymous No.26241893]

>>26240992
I already own ampl anon didn't you notice?

[Anonymous No.26241998]

>>26241893
do you also own 101 hex?

[Anonymous No.26242173]

>>26241998
Yes I was dust hacked? LoL

[Anonymous No.26243042]

>>26242173
we in this together anon